01-31-2014, 09:53 AM
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#10 (permalink)
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A True Z Fanatic
Join Date: Nov 2011
Location: Houston
Posts: 12,265
Drives: 2011 370ztt
Rep Power: 29539
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Quote:
Originally Posted by synolimit
You own the car the whole time!! It's yours to buy whenever and sell whenever. You seem like you're in finance. How do you not know this? A lease on this is 38 months, then I'll buy it for a new buy loan. Vs most that buy for 5-6 years. I'm not that far off to get my title on the last payment.
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You own it? At the end of the lease your name is on the title? Do we have different definitions of ownership? You're correct, you have the ability to sell the vehicle at any point. That doesn't mean you're the owner. You can sell you house at any point, but until you make the last payment the bank is the owner.
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2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent
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